Hi, all... some thought's about ETH. If jun LOW is the bottom, in terms of EW theory, we are in last leg UP wave 5 so it's possible to be very close to interior wave 2 of that BIG 5. IF that jun low will fail another potential target below. GOOD luck to all and DYOR ( I'm just a guy who watch YT crypto content :) so if you play with money, following this type of analises it's YOUR decision.
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For the moment,looks like (12345 EW red count) still in play... But it's very possible to be a leading diagonal for wave 1 ( 12345 , now interior wave 4 done or in progres) ,than i look at 0.618 retrace for wave 2.
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We are still here... but with more question :)
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So... my primary scenario is leading diagonal for W1 (blue)
But it's very possible to be an ascending triangle with a price target at 4k+
and with less probabilities 3-th scenario "bear flag" - looks to extend in time" (don't fit with 4 y cycle), but if that ( recesion ,some ppl talk ) will happend... and i see it in the chart .?!
But it's very possible to be an ascending triangle with a price target at 4k+
and with less probabilities 3-th scenario "bear flag" - looks to extend in time" (don't fit with 4 y cycle), but if that ( recesion ,some ppl talk ) will happend... and i see it in the chart .?!
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For the moment looks like two scenarios was INVALIDATED ( leading diagonal & that potential RED flag) ...
So ascending traiangle go's ON :) Good luck to all
So ascending traiangle go's ON :) Good luck to all
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Some intresting lines in RSI
And sure you are 100% responsable for takeing "long/short" position on other peple ideas... so DYOR, good luck.
And sure you are 100% responsable for takeing "long/short" position on other peple ideas... so DYOR, good luck.
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I find this, very intresting "FIB" confluences:
1. measurement of W1 and W2 give 1.618 fib extension for W3 ( usual retrace for W4 at 1 fib extension)
2. from W3 to W4 if use fib usual retrace 0.382
3. I use fib from 1550$ area ( that price volume node ) and it's 0.5 fib retrace
All 3 ways to use fibonaci have same price level :
1. measurement of W1 and W2 give 1.618 fib extension for W3 ( usual retrace for W4 at 1 fib extension)
2. from W3 to W4 if use fib usual retrace 0.382
3. I use fib from 1550$ area ( that price volume node ) and it's 0.5 fib retrace
All 3 ways to use fibonaci have same price level :